Happy Thursday, Daily Direction readers!
Today we’re searching for opportunities to trade gold futures (GC)! We’re following our timeframe charts and looking for opportunities to buy the GC.
The daily timeframe continues to move through the buy zone, indicating that the market is set to provide us long trade opportunities. The GC also broke the counter trendline in the one-hour timeframe and is now heading bullish through the buy zone.
We’ll keep looking for opportunities to buy the GC at low prices as it reaches the next price limit as long as the market stays in the buy zone.
Daily Timeframe Analysis
Looking at the GC within the daily timeframe, we can see that the market has broken through the previous down trendline and entered the buy zone. That indicates it’s time to look for buy-in opportunities inside this market right now.
We can use the one-hour timeframe to build a strategy to trade the GC for profit as long as the market remains in the buy zone! This would be a +1,000 tick movement when everything is said and done!
The long-term direction is up for the GC
The short-term direction of the GC is up
The GC is moving through the buy zone
Within the daily timeframe, the GC has pushed through our trendline and into the buy zone
Keep in mind that we use trendlines to determine when we should initiate a trade in certain markets. We wouldn’t be able to make such forecasts without the data provided by the trendlines. That is why it is critical to construct trendlines correctly.
One-Hour Timeframe Analysis
The GC breached the counter trendline, entered the buy zone, and is currently rising up toward our hourly limit of 1791.2!
We’ll look for buying opportunities for the one-hour period as long as the market remains in its present trend. We’ll adapt our technique to the current situation and get ready to ride the market to new highs!
The GC broke the counter trendline and is working its way toward the top of the up channel
Also, if you’re looking to figure out what futures trading technique to utilize, have a look at what I have to offer. It’s the only way to put what I teach in the Daily Direction into practice in the real world!
The Bottom Line
As the market pushes bullish through the buy zone, it’s working its way toward the top of the channel. This is an excellent chance to enter the gold futures market and profit while doing so.
We’re continuously looking for buying chances in this market, so we’ll be keeping a careful eye on our timeframe data!
The GC is moving bullish through the buy zone, giving us a chance to search for buying opportunities within the market
If you’re currently trading using one of my systems, you can now apply what you’ve learned to the GC market. If not, now is the moment to get in and start working toward more lucrative trades. There’s no reason you can’t start right away!
But before you go: I have a shocking discovery I need to share with you. It has to do with the most profitable trades and their pricing habits. If you want to copy and paste your way to potentially massive profits, check out the details here.
Keep On Trading,
Mindset Advantage: Under Pressure
Most professional athletes will tell you there’s good pressure and bad pressure.
It brings clarity and focus when used properly.
Bad pressure causes you to freeze. To panic. Everything speeds up or slows down. Bad decisions get made.
Good pressure? It brings focus, clarity and a keen awareness of the opportunity and hazards that surround you. If you love what you do, trade because it brings you freedom, and see the opportunity it can bring to your life.
Embrace pressure… the good pressure.
Traders Training Session
Stay tuned for my next edition of Josh’s Daily Direction.
And if you know someone who’d love to make this a part of their morning routine, send them over to https://joshsdailydirection.